Trade Alert: SPY

By Stephen Leeb • November 6, 2017

Buy to open the SPDR S&P 500 ETF (NYSE: SPY) March 16, 2018 $258 put option.

Our stock indicator is negative enough to warrant initiating a put against the market. We like the SPY March 16, 2018 $258 put.

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Fo

11/06/17 ‐ 12:03pm ET November 6, 2017 at 12:03pm ET

Do you still have conviction for the SPY December 250 put? Would it be better to roll that position forward to March 2018 as part of establishing the new position in the 258 put?

Thanks

Derek: Las Vegas, NV

11/06/17 ‐ 1:55pm ET November 6, 2017 at 1:55pm ET

Good point, probably be best to roll up and out so that we don’t have double exposure.

Derek

Scott Chan

11/07/17 ‐ 1:05pm ET November 7, 2017 at 1:05pm ET

Dear Fo,

Yesterday’s March SPY put is a separate new trade in addition to the open December SPY put.

However, if you prefer to roll over the December put to avoid double exposure, you can certainly do that.

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About The Author

Stephen Leeb

Bio | Archive

Stephen Leeb, Ph.D. is the Chief Investment Strategist of The Complete Investor and Real World Investing.

Dr. Leeb’s books have been notable for predicting the secular bull market that started in the 1980s (Getting in on the Ground Floor, Putnam, 1986); the tech stock crash and rise of real assets, including oil and gold (Defying the Market: Profiting in the Turbulent Post-Technology Market Boom, McGraw-Hill, 1999); and the surge in oil prices (The Oil Factor: Protect Yourself and Profit from the Coming Energy Crisis, Warner Books, 2004). His national bestseller, The Coming Economic Collapse: How You Can Thrive When Oil Costs $200 a Barrel (Warner Books, 2006), co-authored with Glen Strathy, outlined the biggest challenges facing the US economy, and accurately predicted the 2008 sub prime mortgage crisis as well as the vicious subsequent economic cycle requiring massive infusions of government stimulus, near zero interest rates and much higher federal debt levels. Game Over: How You Can Prosper in a Shattered Economy (Business Plus, 2009) predicted a permanent peak in global commodity production. Dr. Leeb’s eighth and latest book, Red Alert (Hachette, 2011), outlined China’s growing prosperity and the ways in which its demands on increasingly scarce resources threaten the American way of life.

Among his many speaking engagements, he has been the keynote speaker at both a JPMorgan Chase energy conference and a Royal Bank of Canada commodities conference.

Dr. Leeb received his bachelor’s degree in Economics from the University of Pennsylvania’s Wharton School of Business. He then earned his master’s degree in Mathematics and Ph.D. in Psychology from the University of Illinois in just three years, an academic record that stands to date. He is frequently quoted in the financial media, including Investors Business Daily, USA Today, Business Week, The New York Times, NPR and The Wall Street Journal. In addition, Dr. Leeb is a regular guest on Fox News, Bloomberg, CNN and Neil Cavuto.